Angola Oil and Gas 2019 conference and exhibition to promote new petroleum investment

Created: Monday, 19 November 2018 13:00

Diamantino Pedro Azevedo, minster of mineral resources and petroleum, Angola. (Image source: Africa Oil and Power conference)The revival of Angola’s economy with a new political mandate and investment priorities will be the focus of the 2019 Oil and Gas conference and exhibition to be held in Luanda from 3-7 June 2019

The conference will support the government’s goal to bring greater investments to Angolan oil fields and highlight the recent reforms made by President João Lourenço that will significantly boost Angola's competitiveness.

The conference and exhibition will provide the government with a platform to reveal new opportunities for the Angolan oil industry.

New opportunities include the licensing of new petroleum blocks, new legislation for gas exploration and investment, exploration of marginal oil fields, onshore exploration and investments in all areas of the petroleum supply chain.

Minister of mineral resources and petroleum of the country, Diamantino Pedro Azevedo, said, "We intend with this conference to maximise the value created for the Angolan economy by bringing investors who can increase the competitiveness in the oil market and use the Angolan oil industry as the main catalyst for boosting the economy in general.”

“The sector has seen several changes, including a sustained drop in oil prices. Thanks to the reforms, Angola is stronger and better positioned in the current investment climate. We look forward to using Angola Oil and Gas 2019 as a platform to capitalise on new business and spark new interest in the industry as projects move forward,” the minister added.

The event will bring together important government officials and C-level executives covering the energy industry for an extensive agenda with keynote presentations, moderated panel discussions, an exhibition and networking gatherings.

Africa Oil and Power CEO Guillaume Doane, noted, “This is the time for global oil and gas investors, and Africa-focused companies, to take a fresh look at Angola.”

“The petroleum industry is set to benefit from the impetus provided by a new political administration and favourable oil prices, as well as the increasing influence of local companies,” he further added.

The conference is officially endorsed by the Angolan Ministry of Mineral Resources and Petroleum and organised by Africa Oil and Power.